- Jan 6, 2005
- North Alabama
Why is the price of a gallon of gasoline [price per gallon]& 9/10 of a cent? It's something I've always wondered about.
quote:Yep......9/10 as ridiculous!!!
Originally posted by rpn453: It's almost as ridiculous as pennies!
quote:It sure as heck works that way with my wife . Whimsey
Originally posted by kenw: in marketing you call it "psycholoigical pricing". as has been said, $19.99 will move a lot more product than $20.00. It works, there's decades of data to prove it and you won't ever see it go away.
quote:That does make sense.
Originally posted by kenw:quote:now this actually makes sense.
Originally posted by merlin64: It should be illegal to charge in a demonination of money that does not exist. If they charge in tenths then I want my change in tenths....
quote:Very true, but really that isn't the point. Say gas is $2.50 and 9/10 cent per gallon, for one gallon you will actually pay $2.51, more than the advertised price. Hmmm, wonder if anyone has sued for false advertising and deceptive sales practices due to the 9/10 cent pricing where the 1/10 cent per gallon cannont be recoved by the consumer...
Originally posted by AndyH: Good luck metering-out a pennies worth of gas out of a gas station pump. Even a gentle, small squeeze of the handle is guaranteed to deliver more than a pennies worth of gas.